Problem 4-47A Jessica Company manufactures hockey pucks and soccer balls. For both products, materials are added at the beginning of the production process and conversion costs are incurred evenly. Jessica uses the FIFO method to calculate equivalent units. Production and cost data for the month of August are as follows: Production Data-Hockey pucks Work in process units, August 1 Units 470 Percent Complete 70% Units started into production 1,680 Work in process units, August 31 630 30% Cost Data-Hockey pucks Work in process, August 1 $1,050 Direct materials 1,848 Direct labour 1,120 Manufacturing overhead 950 Production Data-Soccer balls Work in process units, August 1 350 90% Units started into production 2,160 Work in process units, August 31 250 60% Cost Data-Soccer balls Work in process, August 1 $490 Direct materials 2,808 Direct labour Manufacturing overhead 1,050 1,255 Calculate the following for both the hockey pucks and the soccer balls: (Round answers to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.253.) 1. The equivalent units of production for materials and conversion costs. Materials Conversion Cost Hockey pucks 1,680.0 1,468.0 Soccer balls 2,160.0 1,720.0 2. The unit costs of production for materials and conversion costs. Materials Conversion Cost Hockey pucks 1.300 Soccer balls 1.450 3. The assignment of costs to units transferred out and to work in process at the end of the accounting period. Beginning WIP Complete beginning WIP Started and completed Ending WIP Hockey pucks $ $ Soccer balls JESSICA COMPANY Production Cost Report-Hockey pucks For the Month Ended August 31 Physical Units Quantities Units to be accounted for Work in process, August 1 470.0 Started into production 1680.0 Total units 2150.0 Units accounted for Completed and transferred out Work in process, August 1 Started and completed Work in process, August 31 Total units Costs Unit costs Costs in August Equivalent units Unit costs Costs to be accounted for Work in process, August 1 Added into production Total costs 470.0 Equivalent Units Materials Conversion Costs A 17 6A